G’Day to all traders and friends, I am John Rodgers from Asia. I am a 23 aged guy. After 28 days I’ll entered to 24. I wasted 23 years, because I don’t know about Forex trading. If I know about this Forex trading before seven or eight years, I became a Big trader in my Home town. But, Just couple of months ago I started to learn about Forex trading through the community of Babypips, Which is most popular trading school in this Forex globe. My friend suggested me to learn everything through this community. Now a days I starting the Demo trading. I Getting profits only:). Its exciting me to do real trade. Because past five days I was very eager to do trade in a full of day. And 24 hours are not enough for me. The trading is available in just 5 days only. But our trading school suggesting me to do a real trade after six months or one year. I feeling like an addicted in Forex trading. Some ones telling and scolding me,:37: for spending more time and sitting in front of my PC. My mind is always thinking about trading. I like and love this three words. The words are TRADING, TRADING, TRADING. If I go to my bed, Trading and the candle stick patterns are displaying me in my dream. Is it correct or not? What can I do? Please help me.
Welcome John, and glad you are enjoying the ride. I think we all go through this stage in the beginning and i do not see anything wrong with it. Who does not love trading? with some spending longer hours behind the screen while others just monitoring once or twice a day, i think what they all share is the thrill of new events, new price moves, new opportunities that we can use or that we sometimes miss. This is what drive me in the first place to choose this as a career. Every day something new.
One tip: Use 10% of what you save per month, and make sure it is money you are willing to loose. If things go well, add another 10% the following month. Enjoy the journey!
Mr. Oceanmen,
Thanks for your opinion. Which is giving some idea to trade. And one more question I would like to asking to you. When will I start my real trade? & How many days it’ll take for this. Because I started demo trade in just couple of months ago. Could you please give me some suggestions?
Hi John,
If You say You make profits - what does that mean? Yu made a few trades and cut your profits short after making a 10 pips? 100 pips? Winning means nothing without
Context. Did you risk 100 pips to make 10? Did you average down and have an equity dip of $400 to make $100? What is your win to loss ratio? Your win rate?
How much are you committing in paper trading? $100,000?
Look - we all lose money period. If you haven’t yet, then watch out, your enthusiasm will lead to losses and many of them. Learn the art of trading, we are all here
To do just that and you are not special. Ego will kill your account. Let it go, then start learning properly…from someone twice you age, and she’s lost a few fledging accounts already…the sobering reality is trading is hard. Period. If you think you can milk institutional traders who live and breath the markets a lot longer than you of their money and livelihood on a regular basis, consistently and over more than a few weeks…think again. Sheer luck won’t do it. You need an edge and it will be small, and you need to trade that small edge faultlessly. A few mistakes in over reactive emotions such as revenge trading or execution mistakes will mean the difference between success and failure…and real money is a lot different to play money…you will trade like a different person.
I commend your enthusiasm …but have 5 losses in a row, then see how you feel about trading…it will happen.